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28 thoughts on “The reason for $cosm 97% collapse and 10,000% squeeze off the low from $0.23 to $23.84”
  1. Avataaar/Circle Created with python_avatars @mikeadaml says:

    Thank you

  2. Avataaar/Circle Created with python_avatars @mrman1287 says:

    I traded COSM and did pretty good๐Ÿ™Œ

  3. Avataaar/Circle Created with python_avatars @brandonjones3839 says:

    The second I seen the RS not go through at 4am the next day I knew something was up. So I was able to sell at 7am on my Robinhood account for a huge gain from my initial average, and at 2pm it literally undid the trade and was unable to sell but even that worked out cause I was able to sell before close at $23.

  4. Avataaar/Circle Created with python_avatars @MrJohndo18 says:

    Great explanation of what happened to this stock. Keep up the good content and congrats on 1m subs!

  5. Avataaar/Circle Created with python_avatars @SolidNate99 says:

    I'm glad you made a video on this. I saw the price action but didn't know wtf was really happening.

  6. Avataaar/Circle Created with python_avatars @billschannel1116 says:

    This all should feel unreasonable when you are trading. It would be like seeing a couch on amazon for -$10 and ordering a 100. Selling those couches and complaining when amazon points out the error. Hopefully there will be some unwinding of the trades. It's ugly as there's no way to compensate all the potential loses people have. But this whole thing should have been throwing red flags in your head.

  7. Avataaar/Circle Created with python_avatars @MrPushboot says:

    I bought NCTY few years back before the reverse split. The day split was done I thought I was gaining something then I realized that it was not because my number of shares was less and I wasnโ€™t able to sell it because locked by broker. However I tried to sell again next day and I lost a lot! That was before it bounced to 70 or 80 dollarsโ€ฆ then l never want to touch this stock again ๐Ÿ˜…

  8. Avataaar/Circle Created with python_avatars @hugozubiate3435 says:

    Couldnโ€™t get out after the first halt. And lost 1000.

  9. Avataaar/Circle Created with python_avatars @SOMNIOHM says:

    Some wiiiild sh1t like this is going to be what ends up happening with AMC/APE… then nothing more will be said about it after it does happen.

  10. Avataaar/Circle Created with python_avatars @wigglehweiner6359 says:

    I lost 10 percent of my portfolio before the split… How do you trade without emotion? How do you make a good strategy that works for swinging.. I need a mentor!

  11. Avataaar/Circle Created with python_avatars @3squirrelsdog607 says:

    I wasnโ€™t monitoring mine- they just disappeared on Fidelity. Thanks for explaining!

  12. Avataaar/Circle Created with python_avatars @dennisdungo2868 says:

    I use TD and had some shares pre-split.
    PM I tried to buy @.50 and $NH popped up as working so I canceled the trade.
    My next buys/sells were during market hours and sold everything under the new CUSIP right at close.
    Currently my pre-split shares have not been adjusted but instead of showing a CUSIP# it changed back to COSM.

  13. Avataaar/Circle Created with python_avatars @1965kid says:

    I rode it from $3.00 to $3.95 Friday. I'm happy. ๐Ÿ˜„

  14. Avataaar/Circle Created with python_avatars @hustletrading says:

    Hmmm… So when we see TOS start having issues its yolo time? Jk jk jk.

  15. Avataaar/Circle Created with python_avatars @martinezthejanitordcigsfir7232 says:

    Keep making videos man we really appreciate your insight

  16. Avataaar/Circle Created with python_avatars @idfkidc says:

    Pre split was 33 cents on close and 20 cents at after market close. I bought a little at 20 cents. In the morning that went up to 60 cents in pre reverse split. I tried to sell fidelity wouldn't let me. Couldn't all day. The pre split and post split were both trading at the same time you could see both trading prices in yahoo finance and Google. The pre split was 60. About double the previous closing, triple for me but I couldn't sell anyways. The post split price was supposed to be 8.25 a share but was at 3.49 at open and had a low of 2.86 for a moment. So to be accurate the stock went from 2.86 to 23 dollars. Your heading is saying from pre split 23 cents to post split dollars. That didn't happen. Also, fidelity had my account balance and was telling me in the morning my 5 grand worth I bought the night before was now 200,000 grand. Fortunately I knew that was wrong and don't sell at about a 40 percent Loss. I imagine others got that wrong. There's definitely people that got screwed in this. I was going to buy at 3.50 to cover my loss and then some. If it got back to 5.20, what I was in for post split I'd be good, however, fidelity allowed buying but didn't change the name to cosmos health and didn't display the cuspid. Id either be over paying ridiculously for the old stock or getting a great deal for the new stock. I didn't get it. The price then went nuts but as much as I called fidelity, they wouldn't let me sell my stock from the day before. Price is now below that 8.25 market closing from the day before but higher than the 5.20 I'm in for. I'm hoping it dips tomorrow and we can run the squeeze back. But honestly this seems like it was made by these companies failing regular people trading. We will see what happens in the morning.

  17. Avataaar/Circle Created with python_avatars @thefozman6884 says:

    Luckily, I sold out my position on Thursday Afterhours because of the Reverse Split that was coming on Friday. I wanted to buy Friday morning at 60 cents, but I could not trade on Webull. I bought 550 shares as soon as I discovered that I could buy on WeBull. I bought in at 3.54. I sold at 19 dollars. I made 8500. on the day trade.

  18. Avataaar/Circle Created with python_avatars @shopify7131 says:

    How do you know if a stock is liquid enough to buy and sell?

  19. Avataaar/Circle Created with python_avatars @Bizzcuitz says:

    Man rh robbed me I was so up and I got in at 47 cent a share & I was not able to sell or buy than reverse split happen and all gains went poof! While Webull trades still goes on for cosm with no issues and no reverse split! I had both account rh and web but unfortunately had no funds in Webull and 5 day wait & cuz rh has quick direct deposit and I like to option trade..but now Iโ€™m transferring everything to Webull..shouldโ€™ve learnt when they took the buy and sell from amc and gme the first time smh

  20. Avataaar/Circle Created with python_avatars @vision10345 says:

    I was up 2000% and it all went poof. Sucks

  21. Avataaar/Circle Created with python_avatars @kevinarcher7701 says:

    I was at .53 for 252 a shares before the split when I got up I was down 150$ and was like well Iโ€™m just gonna wait till it come back up just to take a smaller loss. It keep going and going up and wow! I got all my money back plus 80$ profit. It left me with a .08 fractional share and it wouldnโ€™t let me sell it than I got a S1 call emergency from webull. I messaged them and they said they are working on cleaning up the problems.

  22. Avataaar/Circle Created with python_avatars @jacobcutrer9673 says:

    Thatโ€™s insane. Probably massive headache for the brokers.

  23. Avataaar/Circle Created with python_avatars @jumperthruster3354 says:

    Cei next๐Ÿ‘€๐Ÿคž๐Ÿป

  24. Avataaar/Circle Created with python_avatars @firsttimejimmy9791 says:

    That first candle Thursday night was a sell-off at pre-split value of .2171ish at 8pm close.

  25. Avataaar/Circle Created with python_avatars @matthewcaskey1051 says:

    It never had good news, it was a reverse split to maintain compliance. Was worth .33 cents rs to 8.25 then people pumped it. Good for those that made money, shame on everyone for making the stock run off of nothing.

  26. Avataaar/Circle Created with python_avatars @xxvoxxx says:

    This was absolute madness, flashbacks to HKD without all the halts. Luckily I was able to get a great scalp in and out on COSM mid day. Thank you for breaking this down so it makes more sense to a novice daytrader.

  27. Avataaar/Circle Created with python_avatars @saildisk says:

    Since few knew about the RS, I suspect some brokers didn't process the split and let traders sell the full pre-split amount at the bottom under $1. Since they were selling shares they didn't own they ended up massively short and didn't know. Then brokers started liquidating accts to cover losses, hence the huge squeeze. I took the day off and was wondering what happened. Thanks for the great update.

  28. Avataaar/Circle Created with python_avatars @johntagger5379 says:

    I wasn't even trading cosm I was trading tqqq that morning and I couldn't sell my position. I got lucky and was able to get out green using flatten but I missed a ton of profit after that cuz I was afraid to buy another position.

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